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Search Results 0 to 49 of about 78 (some duplicates have been removed)
ABC
Dec 28, 2012 4:30am PST
approaching. congress is cutting it close to avoid the fiscal cliff yesterday senate majority leader harry reid blasted speaker boehner for letting lawmakers go on vacation. house makers are not due back until sun -- house lawmakers are not due back until sunday. boehner said the house will take action on whatever the senate can pass. >>> all the early season rain and snow we've been getting has water experts optimistic about california's water supply. the storms have replenished many reservoirs snow has increased snow back to nearly 150% of normal. >> partial supply in the barn either in reservoir storm or snow pack. however, it still depends on the remainder of the season 2/3 of the wet season is still let. >> snow pack runoff normally provides cal with a third of its water supply. >>> more -- more water on the way. >> this storm is so close to the coast it probably won't get snow in the sierra. good morning. because the storm is so close to the coast we have a high surf advisory be detail out there, dangerous rip currents as the storm passes today through tomorrow. beautiful picture fro
FOX News
Dec 29, 2012 1:00pm PST
wallace talks fiscal cliff with u.s. senators lindsey graham and diane feinstein. check your local listings for the times. >> arthel: with a possible agreement being worked on behind closed doors to avoid going over the fiscal cliff, one casualty could be the defense department. severe financial cuts could hit every branch of the armed services. peter doocy and minutes -- examines. >> he did not say the word sequester. it would automatically cut more than $100 billion from the budget next year, half from domestic programs programs and m defense programs. as the deadline draws close, experts are looking at them from a national security aspect and warning about their impact on the safety of our service members. >> it's going to affect the operational force that's deployed in terms of its ability to maintain its equipment, to get repair parts, and that forces deployed around the world. not just the force that's in afghanistan that's being reduced. it would impact on the training of the force and its preparedness to conduct other operations. >> white house officials are saying it's unc
MSNBC
Dec 28, 2012 7:00am PST
to try to avoid the fiscal cliff deadline. senator chuck schumer says there's some signs for optimism here. >> the first time leader mcconnell is speaking to the president, if the senate is going to be the place for action starts. >>> means to me we could come up with some kind of agreement. >>> let's bring in democratic strategist blake zeff, and robert shranham. first who will be there. president obama, the vice president biden that will be there. speaker boehner they'll be in this meeting. to you here, chip -- not chip, sorry. to you here, blake, where do they begin? >> i think there's on this one way to get the deal done, and that's through the senate. probably highly unlikely, and then you would have to impress upon jane boehner, so i think we're looking at a very small likelihood we have any sort of significant deal other than a plan that lowers taxes. >> so you're somewhat pessimistic. what about you, robert? >> cautiously optimistic. he's exactly right. the only other thing i think could happen is in fancy pelosi, who quite franly has a stronger hand, is able to get enough dem
CBS
Dec 27, 2012 4:00am PST
. >>> and now to the efforts to avoid the so-called fiscal cliff. president obama returns to washington later today and the senate is due in session, but just about everyone agrees with just five days left, the possibility for a grand bargain to avoid across-the-board tax increases and spending cuts is all but lost, and even prospects for watered down deals seems slim. tara mergener is in washington with more. tara, good morning. >> good morning, duarte. yes. hopes for legislation to avoid the fiscal cliff now turns to the senate, but white house and republicans remain far apart. senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the fiscal cliff. higher taxes will give the average american about $1,500 less to spend next year, and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everythi
FOX News
Dec 31, 2012 2:00pm PST
. the big story here, the u.s. is officially going over the fiscal cliff. the senate at this hour has not moved the bill to the floor. until that happens, the house won't act. has signaled there will be no miscall cliff action tonight. tonight on the last "special report" of 2012, although president obama says the deal is in sight, what does it look like and will it pass either chamber? we will cover the negotiations from every angle and the the f fall-out. secretary clinton has been hospitalized because of a blood clot between her brain and skull but they are confident she will make full recovery. there is another taming report on security failures. send this back to new york and the colleagues with "the five." ♪ ♪ ♪ ♪ >> juan: getting redty to party. the last segment we took a look at the serious moments on "the five" this year. now let's get to the good stuff. roll the tape. ♪ notice >> are we non- >> bob. >> sorry. ♪ ♪ notice ♪ ♪ >> hostess brand maker of twinkies. [ laughter ] >> lockness monster was a hoax. >> what? that is a hoax? it's not real? >> oh, man. i'
MSNBC
Dec 28, 2012 8:00pm PST
here tonight. >> thanks so much. >>> kentucky senator mitch mcconnell's inaction on the fiscal cliff could cost 25,000 unemployed in his state. details ahead. pd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at advaircopd.com. >>> welcome back. we love hearing from our viewers on twitter and fa
MSNBC
Dec 29, 2012 12:00pm PST
pass a deal to avoid the so-called fiscal cliff, but is that optimism justified even if the senate can can come together and craft a deal? a very big if at this point and what are the chances that house speaker john boehner can get members of his congress to go along with the deal. joining me now perry bacon and lynn sweet. i want to start with you because i read something that you wrote an article recently in which you said basically that the rumors of the tea party's demise have been greatly exaggerated noting their key role in refusing to go along with john boehner's tax plan to raise taxes on those making more than $1 million a year. the fiscal cliff debate has illustrated then during influence of the tea party and the power of the conservative party. boehner can't guarantee that his members won't face primary challenges from the right so there's little surprise they won't follow his lead. >> mcconnell's not going agree to something that all other republicans are opposed to because he's a republican, too, and he has to worry about a primary, potentially, as well. the core of this i
FOX
Dec 23, 2012 5:30pm PST
strike. >>> a key senator weighs in on the fiscal cliff and why he is confident a deal will be made before the year ends. . >>> thousands of registered nurses plan to walk out of bay area sutter health hospitals on christmas eve of the one-day strike is part of an ongoing battle between the california nurses association over health benefits and sick days. you are looking at video of their last picket about a month ago. all of hospitals plan to have fill-in nurses. >> a key senator express optimism that congress will avoid the fiscal cliff before the year ends. >> speaker boehner was $200 billion higher on spending cuts and out of a $4 trillion budget that doesn't seen insurmountable so i hope they keep talking. >> congress is expected to be back in session thursday and without a deal, tax hikes and deep spending cuts will be triggered on january 1st. >>> coming up tonight on the 10:00 news from flooded roadways to sinkholes. >>> our stormwatch coverage continue as a powerful storm leaves behind a mess in the bay area. >> thank you for trusting ktvu channel 2 news. >> we'll see
FOX News
Dec 31, 2012 6:00am PST
in the fight over the fiscal cliff as the number two republican in the senate moments ago said there could potentially be a bill ready for the floor, but after lawmakers turned down several different plans to avoid potential tax hikes for every american what do we know about this possible bill? not much, and may be more importantly if it passes, what does it mean for your wallet on january 1st, that is if we fall off the cliff. matt mccall is president of penn financial group llc. the irs is today notifying employers on how much they will have to withhold from their employees' checks. let's go through each and every one of these tax increases if there is no deal, and we dive off the cliff. let's begin with the first one. marginal income tax rates ric rice for nearly everybody in america. >> over 90% of americans will be hit with higher taxes, and everybody talks about the wealthy getting hit the hardest. what i find fascinating is two-thirds of americans that make less than $20,000 a year will get hit with higher tax rates which will equal a gain of close to $600 more per year in taxes. if
CBS
Dec 26, 2012 5:30pm PST
.s. senate passes a bill to avert the fiscal cliff. as the president wrapped up his vacation, federal workers trickled back into the nation's capital. but the only people who can avert the fiscal cliff, members of the house and senate, have not returned, and, in just six days, a 2% payroll tax is set to expire, along with the bush era tax cuts, shrinking the average workers' paycheck in 2013 by about $1,500. long-term unemployment benefits for about two million jobless americans are also set to expire, and $110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid-2013. the impact of some of these cuts and taxes would not be felt immediately on january 1. that's because the i.r.s. and other agencies didn't expect it to come to this, and so it will take a few weeks for workers to see more money being withheld in their paychecks, jim. >>
MSNBC
Dec 29, 2012 1:00pm PST
to protect students. and the race to fill john kerry's senate seat. first, fiscal cliff talks. countdown clock tot screen. the senate is shouldering most of the weight of that deadline. senate leaders working behind closed doors to come up with a cliff compromise, something that the house and the president has failed to do so is far. the president has tasked senator majority leader harry reed. >> i have asked senator reed to do it, put a by on the floor to make sure that taxes on middle class families do not go up. and unemployment insurance is still available for two million people and lays the groundwork for economic growth and deficit reduction. >> everything that has been happening in the last several hours has been happening behind the scenes. we have correspondents tracking everything for you. we have luke, luke, i will start with you this hour. the senate officially reconvenes tomorrow afternoon. i assume that there's a lot of closed door talks going on right now. is that true? what can you tell us? >> reporter: that is true, staff from harry reed and mitch mcconnell have been neg
CBS
Dec 28, 2012 4:00am PST
they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours
CW
Dec 26, 2012 10:00pm PST
trickled back into the nation's capital. the only people who can avert the fiscal cliff, members of the house and senate, have not returned. and in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average worker's paycheck in 2013 by about $1,500. long-term unemployment benefits for about 2 million jobless americans are also set to expire, and $110 billion worth of spending cuts to domestic and defense programs will kick in, forcing layoffs in the public and private sector. if congress doesn't act, all the cuts and new taxes will squish the economy back into a mild recession by mid-2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1st because the irs and other agencies didn't expect it to come to this. it could be a few weeks before workers see more money being withheld in their paychecks. >>> george h. w. bush is in intensive care. a fever that kept him in the hospital over christmas has gotten worse. a bush family spokesperson says the 88-year-old was alert and joking with doctors but h
NBC
Dec 27, 2012 5:00pm EST
to wondered $50,000. investigators say the fire was accidental. >> america may be going over the fiscal cliff. that prediction from the senate majority leader today after u.s. senators and president obama cut their vacation sure to return to washington. but there is no deal yet and there's a lot of criticism of house members who are still at home, at least until sunday night. jennifer jackson has the latest. >> the senate is back to work as the clock ticks and america gets closer to going over the fiscal cliff. president obama has also returned to washington. house members are still home for the holidays peeping >> i cannot imagine their consciences, wherever they are around the country. we are trying to get something done. >> harry reid is blaming house speaker john boehner for the stalemate and predicts new deal will happen before the end of the year. house republicans have rejected any compromise where the wealthiest americans no longer get a tax cut. others are still optimistic. >> these deals come together at the last minute. to paraphrase ronald reagan, there has got to be a pony here s
CNN
Dec 27, 2012 6:00am PST
on the looming fiscal cliff. reid and his fellow senators are under intense scrutiny after john boehner said the democratic controlled senate must act first on proposals already passed by his chamber. we will bring you reid's remarks as they happen. >>> as the clock ticks down toward the fiscal cliff, washington has a new worry the debt ceiling, treasury secretary tim geithner says the united states will hit its legal borrowing limit on monday. alison kosik is in new york. i feel like it's groundhog day. >> i know it really is. what's old is new again, right, carol? let me kind of back up the bus here. we start talking about the debt ceiling and i know people's eyes glaze over. let me tell you exactly what the debt ceiling is. it's a cap set by congress of the amount of money the federal government can borrow. right now the ceiling is at $16.394 trillion and treasury secretary tim geithner said earlier this week we could hit that debt ceiling on monday, on new year's eve and the treasury will soon start using what it says are extraordinary measures to keep the government from going over the
MSNBC
Dec 29, 2012 12:00am PST
connell's connection on the fiscal cliff could cost 25,000 unemployed in his state. details ahead. >>> welcome back. we love hearing from our viewers on twitter and facebook page. many of you were heartened by the success of the los angeles gun buyback program we reported on yesterday. on twitter, michael said, "there needs to be more gun buyback programs nationwide. put food on your table, not guns in your home." sharon omarosa said, "this is the best news ever. i wish my city would do it. but i'm sure there is not a lot of money out there for it." and twitter user dangergirl called the gun buyback program "heartwarming. humanity learning curve in action," she said. keep shares your thoughts with us on facebook and twitter using #edshow. >>> coming up, as the fiscal cliff looms, 24,000 people in mitch mcconnell's home state could lose their unemployment benefits. john nichols has the details. stay tuned. [ cheeping ] [ male announcer ] you hear that? that's the sound of car insurance companies these days. here a cheap, there a cheap, everywhere a cheap... you get it. so, what if instead of just a chea
CBS
Dec 24, 2012 7:00am PST
for a solution for the fiscal cliff are being put on the back burner until after christmas. >> i apologize about my voice. this may be divine intervention because we didn't deal with the fiscal cliff. >> a senator from idaho is apologizing for his dui arrest. police stopped republican mike crapo in alexandria, virginia. >> after 80 years in print, "newsweek" magazine has its last issue on stands today. it will continue its digital format. >> if you haven't finished your holiday shopping, don't worry. millions of americans are expected to hit the store today. >> i have just started. >> i looked at the research footage and looked at your face quite a bit. you don't look a day over than you did 32 years ago. >> wide open with the catch. what a shot. seahawks win it, seattle is in the playoffs. >> and all that matters. >> norad will be tracking santa claus as he makes his way around the world delivering gifts to girls and boys tonight. >> on "cbs this morning." >> from kabul, afghanistan, happy holidays! "cbs this "cbs this morning." >>> welcome to "cbs this morning." i'm jeff
NBC
Dec 31, 2012 5:00pm EST
deadline to avoid the fiscal cliff. president barack obama and senate republican leader mitch mcconnell said on monday that they are near a deal to avoid it wide-ranging tax increases and spending cuts set to take effect in the new year. house republicans notified lawmakers that the chamber will vote tonight, but they will be voting on other bills and they will be the only votes of the day. they say it is still not clear if the senate will be able to vote on any kind of deal. >> still ahead, new details emerging about former state delegate tiffany alston. the telestrating head. >> deal or no deal. the clock ticks down to the fiscal cliff deadline. a look at where things stand, coming up. [ female announcer ] the one for all. mcdonald's dollar menu. home of the mouthwatering grilled onion cheddar burger, topped with melty white cheddar and caramelized onions. plus all your tasty favorites for just a dollar each. ♪ every day, as always, there's a lot to love for a little on mcdonald's dollar menu. ♪ >> former state delegate has yet to comment tonight about a report that she has declar
FOX News
Dec 24, 2012 3:00am PST
through with a fine tooth comb and pick through. senator sessions said the fiscal cliff is like three days away. we have to read it to sign off on it. >> that's the worst. no, this is not time. let's reform it and go about it with a squaple. meet axe hacks it across the board. either we are going off of the cliff or bad short-term deal that kicks the can down the road. we need to reform quick kick in the can. >> clayton: secretary panetta, set to take over him. white house looking at possible options and name that is bandied about is form are senator chuck hagel. critics slammed him of course and looks like the white house is trying to go in a different direction. others say give him a shake. go back to and see he is a fair-mind guy. >> i think he's the wrong pick at the wrong time. lack of support of israel and unwillingness to call the iran revolutionary guard a terrorist organization and he stepped back from action against iran and he was one of the biggest critics . one telling us that the surge couldn't work. that was always here from chuck hagel. that's not the kind of guy i want lea
CNN
Dec 28, 2012 2:00am PST
time. on hand for today's fiscal cliff face-off, the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. john boehner and senate minority leader mitch mcconnell representing the republicans. brianna keilar live from washington. you say logistically, a deal can happen. politically, open question. >> that's right. logistically, it's still possible. but it appears right now, the prospects for a deal are dimming. the senate is in yesterday, but not doing a whole lot on the fiscal cliff. still awaiting the proposal to come out from senate democrats and what we're seeing is the blame game. kind of in full swing. public posturing, ahead of the fiscal cliff. obviously in case we go over it. listen to senate majority leader harry reid, yesterday. >> republicans aren't about to write a blank check for anything that senate democrats put forward, just because we find ourselves at the edge of the cliff. >> we are here in washington working while the members of the house of representatives are out watching movies and watc
NBC
Dec 30, 2012 5:00am EST
avoid going over the fiscal cliff if the president and democrat controlled senate step forward this week and work with republicans to solve this problem and solve it now. >> all over the country now, uncertainty is in the area. >> it's not a matter of am i going to pay my light bill or not but will it deplete my savings. >> even if the impact isn't real, the perceived impact could cause us to drop off in sales. >> getting a deal is up to the senate's top democrat and top republican. >> we are engaged in discussions, the majority leader myself and the white house, in hopes we can come forward as early as sunday and have a recommendation. >> whatever we come up with will be imperfect. some people aren't going to like it. >> majority leader harry reid and minority leader mitch mcconnell say they're confident they come to a compromise but they have to sell it to john boehner and fellow republicans before the deadline. >> president obama will be david gregory's exclusive guest on "meet the press" later this morning. you can watch his interview at 10:00 a.m. the nation'sup for gun show in dell
NBC
Dec 30, 2012 6:00am EST
the so-called fiscal cliff in less than 48 hours. both the house and senate will be in session this sunday, and we could see a vote as early as today. nbc's brian moore has the story. >> as senate leaders were behind closed doors mapping out an escape from the fiscal cliff. >> the economy is growing, but keeping it that way means that the folks you sent to washington have to do their jobs. >> if the nation goes over the fiscal cliff, each side says the other is to blame. >> we can still avoid going over the fiscal if the president and the democratic controlled senate with work with republicans to solve the problem and solve it now. >> all over the country right now uncertainty is in the air. >> it's not a matter of am i going to pay my light bill or not but a matter of if it's going to deplete by savings. >> it could cause us to have a drop off in sales. >> we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation. >> whatever we come up with is going to be imperfect. some
CNN
Dec 24, 2012 9:00am PST
some republicans in the senate and also from the house in order to aavert this fiscal cliff. the white house right now is saying they want the threshold for the income tax rates at a quarter million dollars. that might be difficult to get republican support on that, so we'll see if that changes, suzanne. >> do we expect that the president is going to come back early from his hawaii vacation if anything happens on the senate side? clearly, he could get things done from hawaii as well, but it could be at least symbolically for him to return to washington. >> reporter: definitely. we expect that he will be heading back to washington, d.c. he was supposed to be here through the new year. i will tell you nothing is official on the schedule that he's definitely going back to d.c., but the sense you get from the white house is that it's more an issue of when and not if. if there is a bill that goes through the senate, the president will have to be there in order to perhaps twist some arms and certainly the optics are important. if we go over the fiscal cliff, suzanne, you've covered the white
MSNBC
Dec 24, 2012 10:00am PST
>>> maybe eight days and counting before a fiscal cliff. will a shift too the senate save the day? then paradise lost. will president obama leave hawaii behind the day after christmas if a deal is in the works and the election hangover. new comments from one of mitt romney's sons that you might describe as puzzling. what do they really mean? and the gun battle rages on. new reports on why nothing may get done even after the sandy hook tragedy. >>> a massive tax hike and spending cuts -- republicans and democrats continue to point fingers in opposite directions, hinting that talks could go into the new year. >> are we going over the cliff? >> i believe we are, and i think the president is eager to go over the cliff for political purposes. he senses a victory at the bottom of the cliff. >> we only have nine days left here. when are we going to get serious about actual solutions? i would welcome john to tell me. he says he wants a solution. give us one, john. >> meanwhile, president obama is spending christmas in hawaii where he and the first lady attended the holiday memorial servic
MSNBC
Dec 28, 2012 2:00am PST
talked about the looming fiscal cliff. >> i'm not sure what's next. i can tell you, the senate's here, we're in session, we had votes tonight. the president is here. i'm the eternal optimist. we can pass the farm bill that we passed last june. by cutting subsidies for wealthy farmers. so, there's a lot of things that we can do but it's going to take the speaker deciding that he wants to work across the aisle to get it done. >> you can catch the rachel maddow show right here on msbnc on 9:00. >>> retired four-star general norman schwarzkopf died thursday at his home in tampa, florida. he was 78. the hard-charging general, was most famous for leading coalition forces to victory during the first persian gulf war in 1991. under his command it took troops just six weeks to drive saddam hussein's army out of kuwait. gener schwarzkopf is survived by his wife brenda and their three children. >>> former president george h.w. bush are main street in intensive care this morning. while mr. bush's condition is serious, in an e-mail, a spokesperson said for the family said that the president hasn't los
NBC
Dec 27, 2012 7:00am EST
in days. >> washington remains in the same fiscal cliff clitalks. >> reporter: senator leader harry reid and john boehner are both frosty saying it's in the other guy's court saying to avert the largest tax hike in history and reid saying it's time for house republicans to put middle class families first. >> if we go past no deal, the markets are likely to decline in a significant way and involve most americans and they don't want to have themselves blamed for that. >> reporter: already stocks have dropped three days in a row over fiscal cliff fears. from wall street to main street, it is building. >> both parties to are to blame if they don't come up with something. >> we are really in what amounts to a fiscally irresponsible position trying to please everyone and please no one at all. >> reporter: even starbucks tries to hand out advice writing "come together" on every cup. >> reporter: washington could use a warm cup of coffee on a morning like this. complica complicating conversations going forward. treasury secretary, timothy geithner says on the 31st, the u.s. will hit the credit c
CNN
Dec 27, 2012 4:00am PST
this morning, let me bring you up to date on the fiscal cliff. we're now just five days away from going over the fiscal cliff. happy new year. here's what you might have missed. president obama left hawaii early to get back to washington today. the senate is also coming back from christmas vacation today to work on a deal. now, sources tell us majority leader harry reid will push a scaled-back version of the fiscal cliff package that president obama laid out on friday, which moved the tax hike needle to $400,000. no word yet on when the house of representatives might come back, but democrats say the only hope we have of something getting through the house, the senate and the white house may be a very last-minute deal. cnn radio's lisa is following developments on capitol hill right now. the ball is in senate majority leader harry reid's court it would seem right now, lisa. >> that's right. harry reid and the senate seem to be the only game in town right now with the senate returning today. we also know from sources, ali, that over this christmas break there were no conversations between the
ABC
Dec 26, 2012 4:00am PST
this christmas break. no movement moving forward on these fiscal cliff talks. the focus will shift to the senate. they have to try to craft something together that will pass both the house and the senate. so, the burden is now on them to try to strike some sort of a deal. that's because on friday before congress left for christmas, the house was unable to get any sort of a deal passed through. >> and, reena, give us a play-by-play. what can we expect this week? where will the white house be focusing their efforts? >> reporter: right. as i mentioned, capitol hill, now, taking the emphasis over at the senate side. the other concern that the white house does have is to make sure that they come to their different party lines. the democrats want to see, obviously, the middle class not faced with any sort of tax hike, which there are $500 billion worth of tax hikes expected on january 1st. republicans are saying that spending cuts. they want to see more of that. and democrats do not want to go off of their focus on where they are right now, to get to that point. that's really a big divide that both th
CBS
Dec 25, 2012 5:30pm PST
the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat, is working on crafting legislation on his own that he would essentially dare house and senate republicans to oppose. his legislation would likely extend the bush-era tax cuts for households making less than 250,000 a year. it might also include enough short-term spending cuts to temporarily offset for, say, six or eight months, the indiscriminate across-the-board spending cuts that are set to go into effect on january 1. yis bill would also try to tie up some year-end loose ends by extending long-term unemployment benefits, patching the alternative minimum tax that duds up hitting so many middle class families, and preventing a mbg scheduled drop-off in thdicare reimbursement rates for doctors at the start of the enar. eyre in hawaii, the president has had a low-key christmas with family and friends, but he will omoreaving this state as early as tomorrow to head back to grshington d.c. to put pressure on congress to pass that democratic plan. jim? >> any indications, nancy, where thewhether the
CNN
Dec 27, 2012 2:00am PST
avert the entire fiscal cliff if enacted. those bills await action by the senate. if the senate will not approve, and send them to the president to be signed into law in their current form, they must be amended and returned to the house. the senate first must act. now, the house leader john boehner says he will give house members 48 hours before he calls them back. that means the earliest they'll be back is on saturday. so are they just passing the buck to the senate? >> i think that's what's happening in both chambers right now. you saw a return statement from senate majority leader harry reid's spokesman yesterday talking about the incompetence of the house. these two sides are pointing fingers at each other. you have a situation now where these guys are completely confident or at least confident enough that their strategies are the right ones for them that they're not moving off the ball at all. and without any sort of movement, that's why you hear so much pessimism. >> i think part of it is they're afraid of spooking the markets, right? no gop senator wants to sign -- wants
MSNBC
Dec 27, 2012 2:00am PST
will weather the storms to get back to washington today with five days left to avert the fiscal cliff, and now all eyes will be on the senate after house republicans say it's up to senate leadership to reach a deal. nbc's danielle leigh is live on capitol hill. danielle, what's the latest? >> reporter: mara, good morning. it's a new day and a new standoff. this time, house speaker john boehner is hinting he won't bring house members back to town until the senate comes up with a passable plan. as president obama leaves his tropical retreat in hawaii for a wintry washington, tension on capitol hill is on high. >> i don't see how you could hammer out any kind of a grand bargain or large plan involving tax reform and entitlement changes in a matter of days. >> reporter: serious doubt is setting in. even starbucks is getting involved, writing "come together" on its cups. speaker john boehner says he's sitting this round out after failing to get enough house republicans to support his own plan just before christmas. >> i think that boehner is being controlled, unfortunately, by the right wing. >> re
CNN
Dec 28, 2012 6:00am PST
is the tax part of the fiscal cliff. as you know, the senate on a bipartisan basis has already passed a bill. so that has to be the foundation of more than the senate does. when you say the action begins in the senate, that's because speaker boehner has declared that the house will not even vote on that compromised senate bill. that's a choice that he's made. he's said that he's not going to allow a vote to come up in the house unless half of the republican members support it, even though it might have support with the full majority in the house. in other words, i believe we could take up the bill that prevents the fiscal cliff and get it passed in the house. the only thing preventing us from doing that is that the speakers refuse to allow a vote on that. people need to understand that that plan would provide tax relief to 100% of american families on their first $250,000 of income and for folks above that level, they would be paying a little more on the amount of their income above $250,000. that was the bipartisan senate plan. we should have a vote on a plan like that here in the house. >>
FOX News
Dec 29, 2012 3:00am PST
to the fiscal cliff. there are some signs of hope this morning. and it oob thanks to republican senate minority leader mitch mcconnell. peter doocy live in washington with the very latest. peter, i guess they reconvene 1:00 tomorrow which leads them oh tons of time to avert that fiscal cliff you are hearing from administration officials down here that republican the senatech mcconnell the is trying really hard to figure out a way to avoid the fiscal cliff public. >> we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the expwrort leader can make to his conference. >> at yesterday's white house meeting, president obama did not offer negotiators anything new. he just tried to sell them on the same plan he outlined last friday, being called plan c. since the president's plan a and speaker boehner's plan b both failed to gain traction. plan c would extend middle class tax rates and we're told the senate wants
CSPAN
Dec 27, 2012 7:00am EST
. host: the house and senate are back in session today, but the fiscal cliff negotiations are not on the agenda. during this first segment, we want to hear from business owners only. about your views on the fiscal cliff and how it may affect you in 2013. you can see the numbers on the divided by zones -- time zones. you can also contact us via social media on twitter or facebook or by e-mail. before we get an update on the fiscal cliff, two articles to show you. this is from the houston chronicle. that's from the houston chronicle. if there are updates, we will get those throughout this morning's program. one other article and we want to show you -- according to one article, the nominee has flown back from hawaii with the president on air force one. most of the papers are filled with articles about the fiscal cliff issue. joining us now is merideth shiner of cq roll call. ms. shiner. guest: ms. shiner seem so formal. we're having a recession in between christmas and new year's. that has not happened since the 1970's. maybe we should play disco or maybe they should just fin
CSPAN
Dec 27, 2012 10:00am EST
at 2:00 p.m. eastern. no legislative work is expected. we have an update on fiscal cliff negotiations this morning on "washington journal." guest: this is a recession between christmas and new year's. i do not know. maybe they should finish their work. you will see some push in the next few days to get a small deal done. viewers are fan of the process. anything that gets done needs to be done quickly before new year's to be signed into law. today is the 27. and so you have a few days left for lawmakers to make a deal. the president's should land at some point. there is a 5 hour time difference. they have to figure out something. it seems likely will go over the cliff. it has been looking like that before the holiday, but certainly now, particularly if you remember for congress broke for the christmas break, speaker raynor was not able to get the backup plan through his caucus, so there was no pressure on democrats to try to counter that immediately. senate democrats saying we passed a bill that raises tax rates on incomes over $250,000, we ran on this and this is what we are offering.
CBS
Dec 31, 2012 7:00am PST
to the fiscal cliff. >> major garrett, thank you. senator is live on capitol hill. >> thanks for having me. >> if there's a deal today, why would you vote to extend tax cuts if there are no new spending cuts? >> that's the exact thing. the real problem is the spending. if you want to raise taxes -- and the president promised in the campaign he wanted to do that -- it's to pay down on the deficit. there's no evidence of any of that. that's a major sticking point. the democrats are divided on tax rates, on the death tax, on taxes on small business and the republicans are holding firm that you actually have to deal with the number one problem in our nation which is the spending our debt. >> senator, the senate is reconvening this morning. how close are we actually to some kind of a deal here? >> i'm hoping that we get an arrangement and an agreement because the american people deserve certainty. what we ought to do is put a bill on the senate floor and let people offer amendments and vote on them. we shouldn't be here waiting for people to cut deals on back rooms. the ame
CNN
Dec 29, 2012 7:00am PST
to avoid the fiscal cliff. even if a deal is thrown together at the 11th hour, senate majority leader harry reid says what they come up with will be imperfect. and some people aren't going to like it. i spoke with independent new york stock exchange trader kenny polkari earlier and asked them how wall street is reacting to the looming fiscal cliff. >> we've come right to the 11th hour. the -- the fact that there's going to be a substantive deal that comes out of this in the 11th hour is probably nil to zero, right? essentially in my sense, it's easier to go over the cliff. then there's clarity, right? taxes will go up, spending will get cut. the market will know what is going to happen. it can only get better from there because then you'll get legislators that come to the table, that try to cut taxes and raise some spending, and they'll argue it from a positive point of view and stand up and say, rah-rah, look what we, did right? it won't get any worse if we go over the cliff. if there's a bandaid, it leaves complete confusion, there is no clarity, the market will probably react more negati
NBC
Dec 28, 2012 7:00am EST
. the problem is revenues. >> senator thune, if we go over the fiscal cliff, it will have very real impact on americans and their pocketbooks. a lot of people who live outside washington watch this process and say, these guys have a self-imposed dead line on a very serious issue they may not meet. can you restore any confidence to the american people that they should believe in what you all are doing there? >> sure. i think it's encouraging that people are talking, willie. there is an agreement out there that can be reached, but, you know, as i said before, you can't do this just with revenues. the tax increases that would hit middle income americans and small businesses would be disastrous for the economy. even if the president got everything he wanted on taxes, it generates enough revenue to pay for less than a week of government spending next year alone. so the question is, what do we do for the other 358 days of the year? well, we have to do something on the spending side of the equation. but the tax increases need to be averted. they need to be avoided. they can be. i think in the end
CNN
Dec 23, 2012 7:00pm PST
over the fiscal cliff? earlier i spoke with brianna keeler, i asked her what might happen as the holiday week rolls on? >> well, there's one sort of last ditch effort possibility here, don, and that is when the senate reconvenes on the 27th, it's possible that either they could try to pass something and sort of force it on the house or it's possible that they could take a bill that they've already passed back in july with the threshold of those tax hikes being at the $250,000 level. and that they could kind of say to the house, now the ball is in your court, you have to deal with this, it's still very much a possibility, don, that this doesn't work out, that we go over the fiscal cliff, and that was reflected today on the sunday shows from both democrats and republicans, take a listen. >> passing plan b the other night would not have changed the outcome, we're going to go over the cliff before, we're going to go over the cliff now. you cannot negotiate with someone that doesn't want to negotiate. >> in the aftermath of the house republicans rejecting speaker boehn boehner'
CNN
Dec 24, 2012 6:00am PST
on the fiscal cliff deadline on december 31st. retiring senator joe lieberman puts the potential failure in historic perspective. >> i feel it's more likely we will go over the cliff than not, and if we allow that to happen, it will be the most colossal, consequential act of congressional irresponsibility in a long time, maybe ever in american history. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for new programs. he gets to cut the military, which democrats have been calling for for years, and he gets to blame republicans for it. >> so, hey, merry christmas. our white house correspondent brianna keilar is traveling with the president in honolulu. brianna, are the white house and republicans even talking? >> reporter: no. they're not, carol. there's no substantive discussions going on between the white house and senate democrats and senate republicans and house republicans. and this is key because in order for the cliff
FOX News
Dec 24, 2012 8:00am PST
. >> reporter: meanwhile some senators are suggesting the only option now to avoid a fiscal cliff is a scaled-back deal to stop tax increases for most americans. we just hear heard heard ed elude to that. we are joined my jaime. what happens if the president and congress fail to reach an agreement on averting this so-called fiscal cliff? >> well, we go over it. you know, maybe the analogy of fiscal cliff that everyone is using might not be perfect because that doesn't end everything. there will be negotiations afterwards. in fact republicans who think that we are going overlook to the debt ceiling hike that will have to happen some time in the beginning of next year, perhaps at the end of january, or early february, at the point where negotiations will really pick up again, because they'll have some leverage there. there are reports out that some agencies, the defense department, that are facing these cuts as a result of the fiscal cliff are planning already ahead knowing that there will be negotiations afterwards if no deal is reached, and believing that some type of remedy will occur. they
CNN
Dec 24, 2012 11:00am PST
from the fiscal cliff. are there any contacts occurring on this topic between the president and anyone in congress, briana? >> reporter: there is an open line of communication, i would say, with senate democrats, hala. but there is really no substantive conversations between the folks that you with need for there to be conversations between in order to strike a deal. the white house and congressional republicans, and perhaps more alarmingly, senate democrats are not in conversations right now with senate republicans or with house republicans. and this is problematic obviously because in order to avoid the fiscal cliff, you would need to find some sort of deal that would make it through the senate and the house and that would need democratic and republican support. now, all eyes on the senate because they will reconvene on the 27th, thursday. and senate majority leader harry reid, it is up to him, really, to cobble together something that can get some of that support. right now the white house is still supporting a threshold of $250,000 back to their initial starting point for tax rates
MSNBC
Dec 27, 2012 8:00am PST
talk less and legislate more. the house has already passed legislation to avoid the entire fiscal cliff. >>> the president gets set to land in washington this hour. there's new word that the president has called all four congressional leaders. reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuste
CNN
Dec 24, 2012 1:00am PST
to go back to washington to oversee things as perhaps they move or perhaps as the fiscal cliff comes nearer and the u.s. goes over it. >> can we expect, brianna, any other lawmakers to step up to the plate and kick-start negotiations? what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there really are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid, in hawaii for the funeral of daniel inouye and is now on his way back to washington. it would come down to the senate doing something. there would be a possibility that senate mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch mcconnell would be unlikely to personally support it, perhaps he might let some of his republican senators do that, now, this is sort of thinking, coming from dem
MSNBC
Dec 27, 2012 7:00am PST
with very big issues. in both houses of congress, if we get through this fiscal cliff and get to january, people will rightfully ask is there a better way to do this? since we seem to have a majority in both chambers that would like to solve the problem, but procedurally we're not getting to an answer. >> soon to be senator tim scott takes the oath next week, the only african-american senator, it highlights an interesting dichotomy. republicans have more minorities in the senate than democrats, while the party itself struggles with minority voters. >> i think you hit the nail on the head. clearly the republicans are having a major problem reaching out not just to people of color, but to women and so forth. i think what the republican party is trying to do is say, you know what? we have to do a better job. tim scott is a conservative from south carolina and also he's a earl if legislator in terms of being in the house of representatives, so it's perfect sense for him to go to the senate. we also see to a certain degree the first latino from texas, ted cruz, coming into the senate as well.
ABC
Dec 24, 2012 3:00am PST
's still no deal preventing the economy from going over the fiscal cliff. members of congress are pointing fingers over who is to blame for the lack of progress to prevent tax hikes and spending cuts. connecticut's independent senator joe lieberman expects congress to work right up to the new year's eve deadline. but he's not even sure that's going to be enough. >> it's the first time i feel it's more likely we will go over the cliff than not, and if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. >> the president and congress are on short holiday breaks right now. due back later in the week. one possibility is a partial deal on taxes while putting off an agreement on spending, therefore kind of kicking some of the can down the road, once again. >> and that seems to be what congress is good at. no problem ever gets solved. there's no grand bargain. we heard that term tossed around. seems like we just do a little bit and then say oh, we'll get to it by summer and get to it by the fall. and nothing substantive really g
FOX News
Dec 27, 2012 10:00am PST
for avoiding the fiscal cliff. so what will that mean, and how will america respond come january 1st? gregg: new developments in the investigation into the deadly connecticut school shooting. jenette sises have been asked to study the gunman's dna. what can they learn about it? gregg: severe weather alert. winter warnings in effect as a brutal storm is sweeping through the u.s. it brought massive amounts of snow and even tornados to parts of country and claimed at least 15 lives. illinois was no exception. major problems on the roads as snow and sleet pounded the area, forcing some businesses to remain closed. maria molina is keeping an eye on the storm from the extreme weather center. we're going to get the latest, top of the hour. >> new year's eve is fast approaching and for decade and decade the american people have watched the ball drop in times square. it is the countdown to midnight, the start of a new year. but this year, mr. president, the american people are waiting for the ball to drop but it will not be a good drop. heather: those words from senate majority leader harry reid as
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